The gross capital formation in the Philippines increased by 16.5 billion U.S. dollars (+19.81 percent) since the previous year. With 99.85 billion U.S. dollars, the gross capital formation thereby reached its highest value in the observed period. Gross capital formation comprises expenses on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements, plant, machinery, and equipment purchases, and the construction of roads, railways, schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales.
According to source, gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on), plant, machinery, and equipment purchases, and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.'.
Figures have been rounded.
The source does not provide an exact publication date. The release date is the same as the accessed date.
Figures prior to 2010 came from previous reporting.
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World Bank. (May 30, 2024). Gross capital formation in the Philippines from 2012 to 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/788355/gross-capital-formation-the-philippines/
World Bank. "Gross capital formation in the Philippines from 2012 to 2022 (in billion U.S. dollars)." Chart. May 30, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/788355/gross-capital-formation-the-philippines/
World Bank. (2024). Gross capital formation in the Philippines from 2012 to 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/788355/gross-capital-formation-the-philippines/
World Bank. "Gross Capital Formation in The Philippines from 2012 to 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 30 May 2024, https://www.statista.com/statistics/788355/gross-capital-formation-the-philippines/
World Bank, Gross capital formation in the Philippines from 2012 to 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/788355/gross-capital-formation-the-philippines/ (last visited July 22, 2024)
Gross capital formation in the Philippines from 2012 to 2022 (in billion U.S. dollars) [Graph], World Bank, May 30, 2024. [Online]. Available: https://www.statista.com/statistics/788355/gross-capital-formation-the-philippines/